By Viraj Shah
IT industry analyst, Jason Bloomberg recently wrote an article on Forbes, detailing how crypto miners make money.
He talked about the six most common crypto mining business models that are helping people make money, even though some may not be completely legal.
These models range from legal competitive mining using high-speed computers and hardware to electricity theft and cryptojacking. Let’s take a look at the list he presented:
The second mining business model is the contrarian option of “mining at a loss.” In this model, miners keep dedicating their resources to the blockchain network without returning a profit just because it’s in their interest to keep the network running. Jason Bloomberg suggests that there are massive crime syndicates that need crypto to survive to run their Darknet operations and if the value of certain cryptocurrencies drops to such a level that other miners leave the business, “then such syndicates would likely step in to fill the void – mining at a loss to keep the crypto running.” He said “Organized crime wouldn’t let that happen” when referring to crypto prices falling so far that mining would stop.
Read the entire article at https://blokt.com/news/forbes-list-six-crypto-mining-business-models-that-may-surprise-you
